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Insurers Pile On To Consumer Hardship

At a time when many are suffering from the collapse of financial institutions and other key sectors through no fault of their own, the insurance industry seems committed to greater opacity, and indeed, compounding the hardship of working families.

By Gregory D. Squires | Updated on April 12, 2009

At a time when greater transparency in financial services is called for and many are suffering from the collapse of financial institutions and other key sectors through no fault of their own, the insurance industry seems committed to greater opacity, and indeed, compounding the hardship of working families.

The advent of education and employment status as underwriting criteria for property insurance, particularly automobile, is just the latest manifestation. This “innovation” by the industry also undercuts a core underwriting objective.

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